Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD MAY DELEGATE TO THE EXECUTIVE COMMITTEE DUTIES AS DEFINED IN ARTICLE 7, SECTION 2 OF THESE BYLAWS. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, FIRST VICE PRESIDENT, SECOND VICE PRESIDENT, SECRETARY/TREASURER, IMMEDIATE PAST PRESIDENT AND THE EXECUTIVE VICE PRESIDENT AND CEO. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION'S MEMBERS INCLUDE THE FOLLOWING CLASSIFICATIONS: CONSULTANT CONSULTANT AFFILIATE INDUSTRY INDUSTRY AFFILIATE FACILITY MANAGER ASSOCIATE QUALITY ASSURANCE OBSERVER STUDENT RETIRED EMERITUS HONORARY MEMBERS |
| FORM 990, PART VI, SECTION A, LINE 7A | CONSULTANT AND CONSULTANT AFFILIATE MEMBERS SHALL BE ELIGIBLE TO VOTE, SERVE ON COMMITTEES, AND HOLD ANY OFFICE OF IIBEC. THE NOMINATING COMMITTEE SHALL NOMINATE FOR EACH OFFICE OF IIBEC, AND SHALL HAVE SUCH OTHER DUTIES AS ASSIGNED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | IIBEC SHALL MEET ANNUALLY FOR THE TRANSACTION OF ITS BUSINESS AT A TIME AND PLACE FIXED BY THE BOARD. ALL IIBEC MEMBERS IN GOOD STANDING ARE ALLOWED ACCESS TO THE ANNUAL MEETING AND CAN PARTICIPATE IN DISCUSSIONS. VOTING AT THE ANNUAL MEETING IS LIMITED TO IIBEC VOTING MEMBERS. TEN PERCENT (10%) OF THE VOTING MEMBERSHIP OF IIBEC SHALL CONSTITUTE A QUORUM AT ANY MEETING OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO IT BEING FILED. THE REVIEW IS TYPICALLY HELD DURING THE ANNUAL CONVENTION EVERY YEAR. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS PROVIDED TO BOTH EMPLOYEES AND BOARD MEMBERS AND IS REEVALUATED ON AN ANNUAL BASIS. THE FOLLOWING APPLIES TO EMPLOYEED AND BOARD MEMBERS, RESPECTIVELY: EMPLOYEES SHALL DISCLOSE ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST TO THE IIBEC EXECUTIVE VICE PRESIDENT & CEO ("EVP/CEO"), OR HIS DESIGNEE, AND, AS REQUIRED, RECUSE THEMSELVES FROM ALL DISCUSSION AND DECISION-MAKING ON ANY RELATED MATTER. ALL ACTUAL AND POTENTIAL CONFLICTS OF INTERESTS SHALL BE DISCLOSED BY BOARD MEMBERS TO THE IIBEC EXECUTIVE COMMITTEE THROUGH THE ANNUAL DISCLOSURE FORM AND/OR WHENEVER A CONFLICT ARISES. THE DISINTERESTED MEMBERS OF THE IIBEC EXECUTIVE COMMITTEE SHALL MAKE A DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY). THE IIBEC EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF SUCH DETERMINATION AND ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATION AND ACTION, AND SHALL RETAIN THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY. THE CONFLICT OF INTEREST POLICY IS PROVIDED TO BOTH EMPLOYEES AND BOARD MEMBERS AND IS REEVALUATED ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO. THE CEO DETERMINES THE COMPENSATION FOR ALL OTHER KEY EMPLOYEES. THE EXECUTIVE COMMITTEE HIRED A RECRUITING AGENCY TO REVIEW JOB RESPONSIBILITIES AND SALARY REQUIREMENTS FOR THE CEO POSITION IN 2019. THE SALARY WAS SET AS PART OF A CONTRACT AND IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE; FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| Software ID: | |
| Software Version: |